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An announcement from Indiana Resources Limited ( (AU:IDA) ) is now available.
Indiana Resources has issued 500,000 new fully paid ordinary shares following the exercise of an equivalent number of unlisted options, modestly increasing its share capital base. The company stated that the shares were issued without a prospectus under the Corporations Act disclosure exemptions, confirmed its ongoing compliance with financial reporting and continuous disclosure obligations, and noted that there is no undisclosed material information requiring release to the market, indicating a routine capital management action with limited immediate impact on existing shareholders.
The most recent analyst rating on (AU:IDA) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Indiana Resources Limited stock, see the AU:IDA Stock Forecast page.
More about Indiana Resources Limited
Indiana Resources Limited (ASX: IDA) is an Australian-listed company active in the resources sector, focused on exploration and development of mineral assets. The company targets projects with potential for value creation in the mining and resources industry, positioning itself to benefit from demand for commodities in domestic and international markets.
YTD Price Performance: -4.88%
Average Trading Volume: 1,523,533
Technical Sentiment Signal: Buy
Current Market Cap: A$25.11M
For detailed information about IDA stock, go to TipRanks’ Stock Analysis page.